Trivest Partners takes over ABC-Amega
MIAMI, UNITED STATES — Trivest Partners, a Miami-based private investment firm, has acquired ABC-Amega, an established commercial debt collection agency founded in 1929.
The move is poised to boost BII Services Corp, Trivest’s holding company, in a bid to build a premier provider of commercial order-to-cash management solutions.
Headquartered in Buffalo, New York, ABC-Amega specializes in third-party commercial debt collection, first-party accounts receivable outsourcing, and industry credit group management.
Following the acquisition, ABC-Amega will continue to operate as its own entity under the current executive leadership, including President Paul Catalano and CFO Robert States. CEO David Herer will transition his day-to-day duties to BII CEO John Fisher but will remain as a member of BII’s strategic advisory board.
Herer expressed his satisfaction with the partnership, stating, “I soon realized that partnering with Trivest and their colleagues at BII would be the best way for ABC-Amega to finally achieve my dream of becoming the biggest, most advanced, most international, and most successful US-based provider in our industry.”
Forest Wester, Managing Partner at Trivest, praised ABC-Amega’s track record and expressed excitement about working with Herer to realize his goals for the company.
BII CEO John Fisher also shared his enthusiasm for the transaction, highlighting ABC-Amega’s renowned reputation and the opportunity to expand its service offerings with digital transformation capabilities, AI/ML, offshore first-party collections, and order-to-cash outsourcing.
After the merger, BII now has approximately 700 employees serving over 1,000 customers across various industries from locations in the US, Colombia, Brazil, Romania, Italy, India, Singapore, and South Africa.
